xAI co-founder Wu Yuhuai may have purchased a luxury mansion in California, USA for $70 million.

Daniel Roberts, co-founder and co-CEO of IREN, wrote in a post that each new AI data center will further boost, rather than reduce, demand for AI. He argues that comparing the current AI infrastructure cycle to past tech booms overlooks two key factors: stronger AI itself requires more computing power, and cheaper AI will drive higher usage. Roberts notes that every leap in AI capability creates new use cases that did not exist a year ago, meaning demand can grow at the pace of software development, while supply cannot match that rate. Expansion of computing power supply depends on access to electricity, transmission lines, concrete, steel, and large numbers of construction workers, with its growth constrained by real-world infrastructure limits. He added that in past tech boom cycles, technological progress often helped supply catch up with demand, but this time, technology itself is driving exponential growth in AI demand, and real-world construction speeds cannot keep pace fast enough.

Although stock markets have rebounded sharply from the panic sparked by a sell-off in chip and artificial intelligence (AI)-related stocks, data shows that short selling volumes continue to rise. Data released by South Korea’s exchange on Sunday indicates that as of Tuesday, South Korea’s stock market had an open short position balance of approximately 19 trillion won (around $13.4 billion), an increase of 2.27 trillion won from 16.73 trillion won at the end of last month, marking a 14% rise. At the end of February this year, the short balance stood at 15 trillion won, dropping to 12 trillion won in early March before climbing back to 23 trillion won in early June. So far this month, South Korea’s benchmark KOSPI has gained 6%, while the tech-heavy KOSDAQ index has surged 20%. Last month, South Korea’s stock market plunged amid concerns over the profitability of AI-related investments, which could weaken chip demand. Still, investors remain wary of the market’s rapid short-term gains and are uncertain whether the chip sector has peaked.

Alex Thorn, head of research at Galaxy, published a note cutting the probability of the CLARITY Act passing in 2026 to 10%. He noted the bill’s core hurdles now stem more from political than policy factors, including ethical restrictions on government officials engaging with the crypto industry, opposition from the banking sector—especially community banks—and disputes over developer protection provisions. Thorn added that Senate Majority Leader John Thune has scheduled the Senate to hold its first vote on the CLARITY Act shortly after it wraps up its recess in mid-September, leaving only a roughly two to three week window to advance the legislation. If senators fail to immediately launch the advancement process upon returning to Washington, the bill would need to occupy nearly the entire legislative session to have any chance of passing in 2026. Separately, the U.S. Securities and Exchange Commission (SEC) had planned to advance two crypto regulatory measures: Reg Crypto and the "Innovation Exemption," but both have recently been delayed again. Thorn believes the SEC had previously delayed action at least in part to avoid disrupting CLARITY Act negotiations, and now that the bill is stalled, the regulator may accelerate advancing its independent regulatory framework. He projects that regardless of whether the CLARITY Act ultimately passes, the SEC is likely to release the full text of Reg Crypto, the "Innovation Exemption," or both in the coming weeks to months.

Although the stock market has rebounded sharply from panic triggered by plummeting chip and artificial intelligence-related stocks, data shows that short selling volumes continue to rise. According to data released by the Korea Exchange on Sunday, as of Tuesday, South Korea’s stock market open short interest stood at approximately 19 trillion won (around $13.4 billion), an increase of 2.27 trillion won from 16.73 trillion won at the end of last month, marking a 14% rise. This year, short interest hit 15 trillion won in late February, dipped to 12 trillion won in early March, then climbed to 23 trillion won in early June. So far this month, South Korea’s benchmark KOSPI has gained 6%, while the tech-heavy KOSDAQ index has surged 20%. Last month, South Korea’s stock market plunged over concerns about the profitability of AI-related investments, which could dampen chip demand. Still, investors remain wary of the market’s rapid, overheated rally in the short term and are uncertain whether the chip sector has peaked.

According to market data, Binance’s ANTHROPIC Pre-IPO trading pair rose 8.47% over the past 24 hours, currently trading at $1,802, up more than 21% in the last four days, with a 24-hour trading volume of $19.57 million. Notably, earlier the Financial Times interviewed six Anthropic investors, who noted that Claude’s demand and revenue are growing so rapidly that Anthropic could double its valuation from $965 billion in May to nearly $2 trillion. Based on Binance’s Pre-IPO contract current quote of ~$1,802 USDT and its reference share capital of 1 billion shares, Anthropic’s implied valuation stands at approximately $1.802 trillion. If using some investors’ expected IPO valuation of $2 trillion as a benchmark, the contract still holds around 11% theoretical upside potential. Investors’ top priority is revenue growth: Anthropic announced in May its annualized revenue exceeded $47 billion, and these investors project it will hit $100 billion to $120 billion by year-end. One investor even estimated Anthropic could be valued at $3 trillion using a 30x revenue multiple. However, these figures are only the investors’ own projections. Multiple investors added that Anthropic’s executives have not yet privately finalized an IPO valuation target.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the address 0x639…73da4 spent just $121.4 two days ago to open a position in the meme coin "Niu Lai" at an average price of $0.0006339. The coin is currently trading at $0.02568. The address has now sold 47.8% of its holdings, leaving an unrealized profit of roughly $258,000, with a cumulative profit of approximately $284,000, translating to a return of 231,572%.